Shit Storm of Mortgage Losses Coming

"$300 Billion in Write-Offs Is Predicted" by CARTER DOUGHERTY

FRANKFURT, Nov. 22 — Losses in the distressed mortgage sector of the United States could reach $300 billion, only a portion of which has so far been accounted for by write-offs at major banks."

So the pain has only just begun, 'Murkn shit-chewers!